Man United manager Louis van Gaal hailed captain Wayne Rooney’s tireless work-rate in the club’s 3-1 win against Newcastle at Old Trafford.“He has the lung capacity to run 90 minutes as a midfielder, so that’s why I use him as a midfielder,” Van Gaal said.“But I can also use him as a striker. But for the team, at the moment, it is better that he plays in midfield.”Rooney scored twice and created another and Van Gaal praised his display.“When [one of your players] scores two goals and assists another, then you are very happy as a manager, but he is also happy I assume.”The Old Trafford boss also spoke of his frustration at not being able to properly prepare ahead of the trip to Tottenham on Sunday.“I cannot prepare my team the way I have to prepare them. Normally we have unit meetings, team meetings and 11 against 11 training sessions, assimilating opponents but we cannot do that now and we have to play within 48 hours.“With FIFA and UEFA’s rules it’s forbidden to play within 48 hours. In England, it’s okay.”
160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The owner and operator of the now-defunct downtown investment advisor firm C+ Capital Management, LLC was sentenced late this afternoon to 87 months in federal prison for bilking primarily Korean-American investors out of more than $28 million. Won Charlie Yi, 47, of Los Angeles, was sentenced by United States District Judge A. Howard Matz, who also ordered Yi to pay $28.8 million in restitution to individual investors and $2.4 million to Wells Fargo Bank. In December 2005, Yi pleaded guilty to four counts of bank fraud, 11 counts of mail fraud, two counts of investment advisor fraud and two counts of criminal forfeiture. Those charges relate to an investment scheme he operated through C+ Capital Management, which raised well in excess of $20 million by inducing members of the Korean-American community to invest funds with a promise of large returns. The investors were told that their money would be invested in accounts at a New York-based broker-dealer, Carlin Equities Corporation, which Yi and his associates said had a branch in Los Angeles. Yi and his associates told victims that their money would be invested in publicly-traded companies and Regulation S offerings. Investors were provided with fabricated monthly account statements showing gains in their accounts, and the victims could view the false account statements on an elaborate Internet site. After it became clear in 2003 that investors were going to have difficulty withdrawing their funds from their investment accounts, Yi created a fictitious letter from the Internal Revenue Service, which suggested that funds placed through C+ Capital accounts were subject to an audit freeze while the IRS investigated possible violations of the law under the USA Patriot Act. When he pleaded guilty, Yi admitted that the accounts were never opened at Carlin Equities. Instead, the investors’ funds typically were deposited into bank accounts at Wells Fargo Bank controlled by Yi or his associates at C+ Capital. When investors sought to withdraw their investments, Yi and others at C+ Capital lulled the investors by giving them various reasons why their holdings could not or should not be immediately liquidated. Ultimately, they fled to Seoul. Before fleeing, Yi and an associate overdrew the Wells Fargo accounts by more than $2 million, which he caused to be wired to South Korean banks. Yi was arrested in South Korea in April 2005 and was brought to the United States to face the charges in this case. —————————————————————- For the latest news and observations on crime in Los Angeles and the San Fernando Valley, check out the Daily News’ crime blog by clicking here.